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Be me, be a wale.
Invest 30 000 USD to hire some IT staff and a lawyer.
> let's make me a token.
Start announced for the ICO
Buy eth worth 1 Million Dollar.
When ICO begins, the ether is %70 since my investment.
Get 5 000 000 Dollar in eth at ICO.
Wait for next ICO in line a then sell all my ethers.
My 1 million dollar is now a shit load of cash.
Wait for eth price to recover then start distributing the tokens.
Wait for exchange and sell half my stack of the 30% "dev tokens", sell for cash.
Community thinks their tokens will be worth anything when I sold all the development tokens and announce that I sadly can't pay the devs anymore so the project is dead.
Tell some friends to do this again in their names for 50%
Most funny fact is, that I pay the coders and lawyer with that tokens also, so even without my rich background and the million to invest, I would be king now.
AMA
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a millionaire but still can't speak english
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>>2751053
Sounds legit
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>>2751053
Would it be viable to replace stocks with an ico? You would grant limited capabilities through ownership so that you retain full control of the company. This is theoretically sound because of the way cryptos work as speculative stores of wealth: the value of the fact it's a coin should be enough to make people agree to buy, let alone the decision ability.
I've been thinking about using cryptos in such a way: to replace VC/angel/investors as a whole. Thoughts?
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>>2751368
As in, something like ExxonMobile take their stock off the NYSE and create a coin from it?
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I withdrawed it all 25% down having let +25% pass me by out of greed.
I'm not cut out for this. Happy hunting, short shitter.
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>>2751053
>AMA
Can I have 1ETH?
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